SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Communist
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Capitalist
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Mixed Socialist
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None of these
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Detailed explanation-1: -The correct answer is Option(3). i.e.Mixed Economy. India has followed both kinds of economic systems, which are the Capitalist & Socialist economy. So that’s why India has been called the Mixed economy.
Detailed explanation-2: -Indian economy is a mixed economy because here both private and public sector co-exist and both work under the general guidance of economic planning. Q. In a Mixed Economy, there are sectors of Industries.
Detailed explanation-3: -Mixed Economy economic system has been followed by India.
Detailed explanation-4: -Socialism shaped the principal economic and social policies of the Indian government but mostly followed Dirigisme after independence until the early 1990s, when India moved towards a more market-based economy.